Housing (Mortgages) in United States

in committee · United States · House Aug 13, 2026

HR 10084: First Time Homebuyer Debt Reduction Act

The First Time Homebuyer Debt Reduction Act directs the Federal Housing Finance Agency to require Fannie Mae and Freddie Mac to treat student loan payments made by third parties toward first-time buyers as financial concessions rather than sales incentives. This classification applies specifically to payments for newly constructed principal residences, allowing these contributions to be counted toward a buyer's down payment or closing costs without triggering penalties associated with seller financing. However, the bill limits this benefit by stipulating that any portion of the student loan payment exceeding $25,000 will still be classified as a sales concession.

Topics ✓ Housing

Sub-Topics Homeownership Housing Finance Mortgages

in committee · United States · House Aug 3, 2026

HR 10028: MOVE Act

The MOVE Act directs the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to start buying and bundling specific conventional mortgages within 180 days of the law's enactment. These mortgages must allow homeowners to transfer their loan's interest rate, terms, and balance to a new property within 90 days of selling their current home. By purchasing these loans, the bill aims to create a market for portable mortgages that facilitate easier home sales by preventing rate locks from hindering transactions. The legislation defines eligible loans based on existing standards set by the two government-sponsored enterprises.

Topics ✓ Housing

Sub-Topics Homeownership Mortgages

in committee · United States · House Jul 23, 2026

HR 9942: House Our Heroes Act

The House Our Heroes Act expands support for veterans struggling with guaranteed housing loans by allowing the Department of Veterans Affairs to offer educational courses on credit improvement, financial management, and loss mitigation options. Additionally, the bill permits the agency to make partial claims and modify loan terms, such as interest rates and payment schedules, for specific loans that go into default between May 1, 2025, and November 28, 2026. These measures aim to provide more flexible assistance tools to help veterans avoid foreclosure or manage their debts without strictly following previous mandatory procedures.

Topics ✓ Housing ✓ Veterans

Sub-Topics Mortgages Veteran Education Veteran Healthcare Veteran Housing

in committee · United States · House Jul 13, 2026

HR 9657: Protecting American Homes from Hedge Funds Act

This bill imposes new taxes on large investment firms, known as hedge funds, that own multiple single-family homes to discourage them from holding properties as long-term investments. Under the tax provisions, these firms would face a 50 percent charge on the value of any new homes they buy and an annual penalty of $50,000 for every home they hold beyond a specific limit that decreases over time. The legislation also creates a Housing Downpayment Trust Fund financed by these taxes to provide grants for down payments and closing costs to low-to-moderate-income buyers. Additionally, the bill disallows mortgage interest and depreciation tax deductions for owners subject to these new taxes and bars federal mortgage agencies like Fannie Mae and Freddie Mac from lending to or buying mortgages from these large investors.

Topics ✓ Budget & Taxes ✓ Housing

Sub-Topics Mortgages

in committee · United States · House Jun 30, 2026

HR 9569: Making Condos Safer and Affordable Act of 2026

The Making Condos Safer and Affordable Act of 2026 expands federal mortgage insurance options for condominium projects to help finance repairs and replacements of shared facilities like roofs, elevators, and common areas. It allows the governing body of a condominium to take out loans secured by future mandatory payments from individual unit owners, with the government potentially insuring up to 90 percent of the project cost. Additionally, the bill modifies existing rehabilitation loan programs to let individual condo owners use these funds to pay for special assessments related to building improvements or to build reserves for future maintenance. The legislation also streamlines regulations for managing these rehabilitation projects and adjusts loan limits to better reflect the costs of such repairs.

Topics ✓ Housing

Sub-Topics Mortgages

in committee · United States · House Jul 14, 2026

HR 9555: Home Mortgage Interest Credit Act of 2026

This bill creates a new tax credit for homeowners who pay interest on loans used to buy, build, or improve their primary residences. The credit allows taxpayers to directly reduce their federal income tax liability by up to $2,000 annually, or $1,000 for married individuals filing separately, provided their modified adjusted gross income does not exceed specific thresholds that vary by filing status. The amount of the credit is reduced by $20 for every $1,000 that a taxpayer's income exceeds these limits, and the provision includes an automatic inflation adjustment mechanism starting in 2028. This legislation applies to taxable years beginning after December 31, 2026, and excludes nonresident aliens from claiming the benefit.

Topics ✓ Budget & Taxes ✓ Housing

Sub-Topics Income Tax Tax Credits Mortgages

in committee · United States · House Jul 6, 2026

HR 9379: Affordable Homes for Veterans Act of 2026

The Affordable Homes for Veterans Act of 2026 requires lenders to process applications for assuming existing VA home loans within 45 calendar days. This bill also mandates that the Department of Veterans Affairs update its guidance to ensure lenders cannot discourage applicants by suggesting longer wait times. Additionally, the law directs the Office of Inspector General to conduct a comprehensive assessment of current processing speeds and denial rates, with a report due to Congress within 18 months. These measures aim to make the process of taking over a veteran's home loan faster and more transparent for potential buyers.

Topics ✓ Housing ✓ Veterans

Sub-Topics Mortgages Veteran Education Veteran Healthcare Veteran Housing

in committee · United States · Senate Jun 23, 2026

S 4861: Housing Financial Literacy Act of 2026

The Housing Financial Literacy Act of 2026 offers a financial incentive for first-time homebuyers by reducing their mortgage insurance premiums. To qualify for this discount, applicants must complete a financial literacy housing counseling program before signing their mortgage application or sales agreement. The bill lowers the premium rate by 25 basis points compared to the standard amount set by the Secretary, provided the counseling is finished prior to the mortgage signing. This policy directly affects individuals purchasing their first home who participate in the required educational program.

Topics ✓ Housing

Sub-Topics Homeownership Mortgages

in committee · United States · House Jun 23, 2026

HR 9404: VA Home Loan Navigator Act

The VA Home Loan Navigator Act establishes a free, voluntary program to help veterans and eligible borrowers navigate VA home loan benefits. The Department of Veterans Affairs will fund independent, neutral organizations to provide education, counseling on loan processes, and assistance with issues like foreclosure prevention and understanding costs. To ensure fairness, the law strictly prohibits these service providers from receiving payments from lenders or real estate agents and requires them to remain operationally separate from any mortgage or brokerage businesses. Designated entities must meet specific criteria, including HUD approval and a primary mission of serving military families, while individual counselors must be certified and recertified every three years. The program will be monitored through regular reports to Congress evaluating borrower satisfaction and outcomes such as foreclosure prevention rates.

Topics ✓ Housing ✓ Veterans

Sub-Topics Mortgages Veteran Housing

in committee · United States · House Jul 17, 2026

HR 9472: The Protecting Homeowners from Squatters Act

This bill, known as the Protecting Homeowners from Squatters Act, aims to stop people from illegally occupying homes by defining squatting as entering a property and staying there for at least 10 to 14 days without the owner's permission or payment of rent. It directs local law enforcement to quickly remove squatters and prosecute them according to local laws while prohibiting the use of federal benefits to support or encourage such behavior. The legislation also ties federal housing funds to local compliance by withholding Community Development Block Grant money from jurisdictions that allow squatting or grant special tenant rights to squatters, and it bars federal mortgage support for loans secured by properties in those non-compliant areas.

Topics ✓ Criminal Justice ✓ Housing

Sub-Topics Law Enforcement Community Development Mortgages Tenant Rights

All housing bills